The Alberta Securities Commission has issued a Notice of Hearing seeking trading bans and monetary sanctions against Lethbridge-based Essen Capital and its president, CEO and sole director, Kevin Loman.

The ASC is also seeking to ban Loman from acting as a director or officer of any issuer.

ASC staff allege that Essen Capital and Loman breached Alberta securities laws by illegally distributing securities of Camdeton Trading Ltd. and The Synergy Group (2000) Inc. to Alberta investors. The ASC also alleges that they acted as investment advisors when they were not registered to act in that capacity.

An appearance to determine a date for hearing will take place Jan. 16, 2009 in Calgary.